Risk Management

FSB fears climate-related contagion effects on financial system

By Victor Smart
BRR fallback image

Global warming poses a systemic risk to the world financial system, with the existence of unpredictable contagion mechanisms between sectors and feedback loops between the financial sector and real economy. Central banks such as the Bank of England expect that the dangers will be heightened year by year. Meanwhile, abrupt ...

To continue reading
Request Free Trial

  • Unlimited access to all content.
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.

Read Next:

Exclusive, Markets
May 30, 2024

UK banks look beyond T+1 horizon to a T+0 future

Four banks set to join Lloyds, Santander and UBS in real-time payments pilot 
Read more